Union With Mines Royal
In the 17th century the company was not particularly active, but periodically granted licences for mining or industrial activities that would infringe its rights. It probably informally amalgamated with the Society of Mines Royal in about 1669. Ultimately in 1689, the passing of the Mines Royal Act effectively removed the monopoly mining rights of both companies, and the joint company became moribund.
In 1693, Moses Stringer was admitted to shares in both companies, being esteemed a person 'ingenious and propence to chemistry and mineral studies'. However nothing much happened until Stringer recovered the minute books in 1709 and called a meeting at his 'elaboratory' and foundry in Blackfriars, which delegated complete power to him as 'Mineral Master Gerneral'. Some effort was made to exploit the companies' monopoly, by licensing mining, but probably with little success.
Read more about this topic: Company Of Mineral And Battery Works
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